Hunter Biden has called on market-making firms involved in the launch of the $LAPTOP memecoin to buy back and burn excess tokens following a forensic review. The review found that the token's launch on September 9, 2026, on Coinbase's Base network was marked by thin liquidity and market-maker gains of nearly $3 million. The token price spiked dramatically then crashed by up to 99% within hours due to shallow liquidity. Biden denied personal involvement in sell-offs and plans to burn unclaimed airdrop tokens, while urging firms like G20, GSR, and Wintermute to address the excess supply to restore trust.
Hunter Biden's call for LAPTOP market makers to buy back and burn tokens is presented here with Pluang's cryptocurrency market data as context. For readers following digital assets, as of Oct 07, 2026 23:32 WIB, 6 of 50 major cryptocurrencies on Pluang rose while 42 fell. Notable movers include UNI at Rp140.800 with a 1-day change of -9.42% and a typical hold time of 65 days, CAKE at Rp39.403 down 9.42% with a 75-day hold time, and SUSHI at Rp4.175 down 8.16% with a 101-day hold time.
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